Resolute Forest Prod Gets a Buy Rating from CIBC

By Ryan Adsit

Wall Street analyst has provided a review for the Consumer Goods company yesterday, but retained the same rating on the stock. The company recieved Buy from CIBC’s analyst Hamir Patel.

Patel has an average return of 13.1% when recommending Resolute Forest Prod.

According to TipRanks.com, Patel is ranked #664 out of 4842 analysts.

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The the analyst consensus on Resolute Forest Prod is currently a Moderate Buy rating.

The company has a one-year high of C$15.23 and a one-year low of C$5.55. Currently, Resolute Forest Prod has an average volume of 6,885.

Resolute Forest Products, Inc. provides forest products. It owns and operates pulp & paper mills, and wood products facilities located in the United States, Canada and South Korea. The company operates its business through the following segments: Newsprint, Specialty Papers, Tissue, Market Pulp and Wood Products.

The company’s shares closed on Wednesday at C$13.47.